Market Update

The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges

TRREB: The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges TORONTO, ONTARIO, January 4, 2024 – While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in […]
Happy New Year | 2024!

May this year bring you joy, success, and new opportunities. As we embark on another chapter, may it be filled with love, laughter, and memorable moments. Here’s to a prosperous and fulfilling year ahead!
Home Sweet Home Under 400K: Find Your Ideal Property Today!
New Listing in Oshawa

The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges TRREB: The 2023 GTA Housing Market: High Borrowing Costs and Growing Affordability Challenges TORONTO, ONTARIO, January 4, 2024 – While the overall demand for housing remained buoyed by record immigration in 2023, more of this demand was pointed at the rental market. The number of Greater Toronto Area (GTA) home sales in 2023 came in […]

Happy New Year | 2024! May this year bring you joy, success, and new opportunities. As we embark on another chapter, may it be filled with love, laughter, and memorable moments. Here’s to a prosperous and fulfilling year ahead!

Home Sweet Home Under 400K: Find Your Ideal Property Today!

New Listing in Oshawa

NO RATE CHANGE! But Still a Chance For Increase Next Time! Bank of Canada maintains policy rate, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario September 6, 2023 The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative […]

August 2023 VIP GiveAway If you have already entered this contest, free to get a FREE Home Evaluation in 10 Seconds with No HASSLE! August 2023 VIP Club Giveaway Enter your name and email address below. You’ll be entered in the a VIP Gift Card giveaway draw. Full Name Email Address What are your plans for the summer? Travel? […]

Happy Long Weekend

Interesting Change: See the July 2023 Real Estate Statistics for the Greater Toronto Area & Beyond! GTA home sales, new listings, and home prices were up in July 2023 when compared to the same time last year. If you are interested to know how much your home is worth, enter the basic details by clicking this link and I’ll get a No-Obligation FREE Home Evaluation!

Bank Of Canada Raises Overnight Interest Rates Again! – They are not done yet! Bank of Canada raises policy rate 25 basis points, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario July 12, 2023 The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy […]

Market Update June 2023 Market Stats – Lack Of Listings Led to Tighter GTA Market Conditions in June – TRREB LACK OF LISTINGS LED TO TIGHTER GTA MARKET CONDITIONS IN JUNE TRREB Urges Governments to Accelerate Action on Housing Supply TORONTO, ONTARIO, July 6, 2023 – Home sales and the average selling price in the Greater Toronto Area (GTA) in June 2023 remained above last year’s levels. Seasonally adjusted sales dipped on a month-over-month basis. […]

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Crunching The Figures: Navigating the Pros and Cons of Higher Interest Rates for Buyers in Canada Advantages of Higher Interest Rates for Buyers: Reduced Inflation: Higher interest rates can help control inflation by making borrowing more expensive. This can prevent prices from rising too quickly and maintain the purchasing power of consumers. Attractive Returns for Savers: Higher interest rates often lead to increased returns on savings accounts and fixed-income investments. Buyers […]

Lake Simcoe Retreat: A Serene Haven for Seasonal Bliss Introduction: Welcome to our blog, where we invite you to discover the enchanting beauty of Lake Simcoe and the perfect seasonal retreat it offers. Join us as we explore a charming bungalow that beckons you with its idyllic setting, modern features, and limitless potential for creating cherished memories. Let’s dive into the details of this […]

Embrace Serenity and Endless Potential: Discover the Extraordinary Estate in Sunderland Introduction: Welcome to a remarkable property that captures the essence of tranquility and presents boundless opportunities. Nestled in the picturesque town of Sunderland, this extraordinary estate spanning 225 acres is a sanctuary of natural beauty. With its abundance of features and expansive grounds, this property truly offers a lifestyle beyond compare. A Natural Paradise: As […]

April 2023 Market Statistics – Low Inventory, Lower Rates, More Buyers, Prices Improve! TRREB: GTA SALES AND PRICE CONTINUE TO IMPROVE WHILE LISTINGS REMAIN CONSTRAINED TORONTO, ONTARIO, May 3, 2023 – The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to […]

Couchiching $$$ – Want to Live In a Lakeside Community Up North? Search for Waterfront Properties on Lake Couchiching in Ramara Lake Couchiching is a beautiful lake located in Washago, Ontario, Canada. It is part of the Trent-Severn Waterway, a 386 km long canal system that connects Lake Ontario to Georgian Bay. Lake Couchiching is approximately 16 km long and 5 km wide, and it has a […]

Market Update Good News For Buyers: Interest Rates Stay Unchanged – BOC Bank of Canada maintains policy rate, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario April 12, 2023 The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. […]

Uxbridge Real Estate Update – March 2023 Real estate activity in Uxbridge, Ontario for March 2023 showed a slight decrease in the average selling price of homes compared to March of the previous year. The average selling price for a home in Uxbridge in March 2023 was $1,329,780, which is a 9.6% decrease from the previous year’s average selling price of […]

Market Update Prohibition on the Purchase of Residential Property by Non-Canadians Act On January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act and associated Regulations (the “Act”) came into force and effect. As the name suggests, the Act bans Non-Canadians, as defined by the Act, from directly or indirectly purchasing certain Residential Property in Canada for a period of two […]

February 2023 Real Estate Market Update Videos Durham Region Real Estate Market Update York Region Real Estate Market Update Greater Toronto Area Real Estate Market Update Township Of Uxbridge Real Estate Market Update Town Of Whitchurch-Stouffville Real Estate Market Update Town Of Ajax Real Estate Market Update City Of Pickering Real Estate Market Update Town Of Whitby Real Estate Market Update City […]